Tight budgets mean hard choices. For instance, new aircraft carriers would be lovely but they cost a lot. As the UK’s Strategic Defence and Security Review reaches its final stages, Nick Witney argues that perhaps it’s time to start sharing with the French.
The EU’s bank stress tests were flawed. The methodology suffered fundamental problems and was designed to fix the results. As ECFR council member Wolfgang Münchau argues in the Financial Times, if you tried to test the safety of cars using the same method, you would end up in jail.
The Political West (the US, Europe and Japan) are in the doldrums while the BRICs keep growing. A third of world economic growth in the last decade has taken place in BRIC countries. So far, so good for the BRICs. But what next?
Die Machtbalace in den deutsch-franz?sischen Beziehungen hat sich radikal verschoben
We have always known a monetary union cannot exist without political union in the long run
There is one worrying element to Greece’s financial tragedy that people seem to have forgotten: Greece first turned to Beijing for help
The eurozone must end its fiscal ambiguity
All we have really done is change the decision-making body, while the causes and symptoms of the financial crisis remain unchecked
An open letter on the Latvian economic crisis, signed by ECFR members, including Martti Ahtisaari, Mark Leonard and George Soros
The world crisis and its impact on Asian regional integration and economic security: An article for the Asia-Pacific Security Forum 2009